08.02.2013 - $4tn SWFs group eyes London for HQ
London is set for a boost in its bid to remain the world’s global financial centre thanks to the interest of an association of large sovereign wealth funds. The International Forum of Sovereign Wealth Funds, a group of 24 funds led by China, Russia and the Gulf States that have combined assets of around $4tn, is planning to set up a permanent secretariat, with many members favouring London. “Our members are considering London. We will make a decision soon,” Jin Liqun, chairman of the forum and of the China Investment Corporation..............................................Full Article: Source
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